Journey Energy Balance Sheet Health

Financial Health criteria checks 3/6

Journey Energy has a total shareholder equity of CA$316.4M and total debt of CA$60.7M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are CA$610.1M and CA$293.7M respectively. Journey Energy's EBIT is CA$27.3M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$17.7M.

Key information

19.2%

Debt to equity ratio

CA$60.66m

Debt

Interest coverage ratio	2.7x
Cash	CA$17.72m
Equity	CA$316.41m
Total liabilities	CA$293.72m
Total assets	CA$610.14m

Recent financial health updates

Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?

Jan 06

Is Journey Energy (TSE:JOY) A Risky Investment?

Aug 11

Recent updates

Journey Energy Inc.'s (TSE:JOY) Shares Leap 27% Yet They're Still Not Telling The Full Story

Apr 26

Weak Statutory Earnings May Not Tell The Whole Story For Journey Energy (TSE:JOY)

Mar 19

We Like These Underlying Return On Capital Trends At Journey Energy (TSE:JOY)

Feb 06

We Ran A Stock Scan For Earnings Growth And Journey Energy (TSE:JOY) Passed With Ease

Dec 20

Financial Position Analysis

Short Term Liabilities: JOY's short term assets (CA$46.7M) do not cover its short term liabilities (CA$106.0M).

Long Term Liabilities: JOY's short term assets (CA$46.7M) do not cover its long term liabilities (CA$187.7M).

Debt to Equity History and Analysis

Debt Level: JOY's net debt to equity ratio (13.6%) is considered satisfactory.

Reducing Debt: JOY's debt to equity ratio has reduced from 225.8% to 19.2% over the past 5 years.

Debt Coverage: JOY's debt is well covered by operating cash flow (109.9%).

Interest Coverage: JOY's interest payments on its debt are not well covered by EBIT (2.7x coverage).

Balance Sheet

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Journey Energy Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?

Is Journey Energy (TSE:JOY) A Risky Investment?

Recent updates

Journey Energy Inc.'s (TSE:JOY) Shares Leap 27% Yet They're Still Not Telling The Full Story

Consensus EPS estimates increase by 35%

Independent Chairman recently bought CA$159k worth of stock

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 23%

Consensus EPS estimates fall by 34%

Journey Energy Inc., Annual General Meeting, May 23, 2024

Weak Statutory Earnings May Not Tell The Whole Story For Journey Energy (TSE:JOY)

Price target decreased by 9.1% to CA$5.00

Full year 2023 earnings released: EPS: CA$0.26 (vs CA$2.95 in FY 2022)

We Like These Underlying Return On Capital Trends At Journey Energy (TSE:JOY)

Price target decreased by 8.3% to CA$5.55

Consensus EPS estimates fall by 10%

Journey Energy Inc. Provides Operating Guidance for the Year 2024

We Ran A Stock Scan For Earnings Growth And Journey Energy (TSE:JOY) Passed With Ease

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 12%

New minor risk - Profit margin trend

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Journey Energy's (TSE:JOY) Returns On Capital Are Heading Higher

Consensus EPS estimates increase by 17%

Investor sentiment improves as stock rises 16%

Journey Energy Inc. Provides Operating Guidance for the Year 2023

High number of new directors

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Returns Are Gaining Momentum At Journey Energy (TSE:JOY)

Price target increased by 8.3% to CA$7.80

Full year 2022 earnings released: EPS: CA$2.95 (vs CA$2.18 in FY 2021)

Investor sentiment improves as stock rises 17%

Price target decreased by 8.3% to CA$7.03

Journey Energy Inc. Provides Operating Guidance for the First Half of 2023

Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?

Investor sentiment deteriorated over the past week

Price target decreased to CA$8.00

Third quarter 2022 earnings released: EPS: CA$0.29 (vs CA$2.02 in 3Q 2021)

Journey Energy Inc. Revised Production Guidance for the Year 2022 and Provides Production Results for 2023

Investor sentiment improved over the past week

Price target increased to CA$9.00

Investor sentiment improved over the past week

Is Journey Energy (TSE:JOY) A Risky Investment?

Insider recently bought CA$55k worth of stock

Price target increased to CA$8.00

Second quarter 2022 earnings released: EPS: CA$0.54 (vs CA$0.008 loss in 2Q 2021)

Investor sentiment improved over the past week

Journey Energy Inc. Revises Production Guidance for the Year 2022

Journey Energy (TSE:JOY) Is Finding It Tricky To Allocate Its Capital

Price target increased to CA$7.50

Is Now The Time To Put Journey Energy (TSE:JOY) On Your Watchlist?

Investor sentiment deteriorated over the past week

High number of new directors

Journey Energy Inc. Elects Scott Treadwell as Director

Investor sentiment improved over the past week

Insider recently sold CA$184k worth of stock

First quarter 2022 earnings released: EPS: CA$0.28 (vs CA$0.039 in 1Q 2021)

Journey Energy Inc. Revises Operating Guidance for the Full Year 2022

Price target increased to CA$6.92

Investor sentiment improved over the past week

CFO & Corporate Secretary recently bought CA$100k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Insider recently sold CA$130k worth of stock

Insider recently sold CA$96k worth of stock

Third quarter 2021 earnings released: EPS CA$2.02 (vs CA$0.19 loss in 3Q 2020)

Investor sentiment improved over the past week

Price target increased to CA$2.03

Price target increased to CA$1.95

Investor sentiment improved over the past week

Independent Chairman recently bought CA$73k worth of stock

Journey Energy Inc. (TSX:JOY) completed the acquisition of Briko Energy Corp.

Journey Energy's (TSE:JOY) Solid Profits Have Weak Fundamentals

Second quarter 2021 earnings released: CA$0.008 loss per share (vs CA$0.36 loss in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week